Dessler: Healthcare, Sarbanes-Oxley, & Benefits
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1. Explain the strategies employers use to minimize healthcare costs. Describe how employee leasing firms help small businesses lower their health insurance costs.
Your response must be at least 150 words in length.
2 Explain the importance of the Sarbanes-Oxley Act and how it affects incentive plans. Discuss whether you support this legislation, and state your reasons.
Your response must be at least 150 words in length.
3. Discuss the policy issues employers must focus on when developing benefit plans. Name the federal laws that influence employers' pension and health plans.
Your response must be at least 150 words in length.
4. Discuss the increasing popularity of family-friendly benefits and flexible benefits. Provided examples of both types of programs.
Your response must be at least 150 words in length.
Course eTextbook Dessler, G. (2015). Human resource management [VitalSource Bookshelf version] (14th ed.).Retrieved from https://online.vitalsource.com/#/books/9781323081716
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Solution Summary
This detailed solution answers questions from Dessler's (2015) human resource book about the increasing popularity of family friend and flexible benefits, benefit policy issues, the Sarbanes-Oxley Act, and reducing health care costs. Includes references to textbook.Very detailed.
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1. Explain the strategies employers use to minimize healthcare costs. Describe how employee leasing firms help small businesses lower their health insurance costs.
To minimize healthcare costs employers can deploy various strategies. Dessler (2015) states that many organizations retain cost-containment specialist to help reduce costs. Cost-containment specialists can help provide insight into health care costs in the industry, provide information on best plans based on the types and size of the organization and help educate the employer of how to reduce healthcare costs with their employees. Employers must negotiate with health care insurance providers for the best price, and also measure and track health care expenses. Deductibles can be increased for employees to discourage unnecessary medical visits, and tax-free health savings accounts can be offered to employees. Different plans can be offered to employees. Dessler indicates that employees should be informed about the cost of their medical benefits and understand the investment that is involved in each health benefit. Employers can also offer wellness programs to encourage preventive services; health promotion is another way to help employees stay healthy and reduce health care expenses. Some companies provide discounts to non-smokers or health weight employees. Other strategies are ...
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